Revolutionize Property Protection with Private Flood Insurance Deals
Real-World Examples and Data
According to a report by the Insurance Information Institute, private flood insurance policies have grown by nearly 20% in recent years, highlighting the increasing demand for alternatives to NFIP1. Additionally, a study by Milliman found that private flood insurance could be more affordable for about 77% of U.S. homes compared to NFIP2.
For instance, a homeowner in Florida switched from an NFIP policy to a private insurer and reported saving over $500 annually while gaining additional coverage for personal property and temporary living expenses3.